Globe Telecom Achieves 10-Year Streak on FTSE4Good Index, Solidifying ESG Leadership
Globe Telecom Inc., a premier digital platform in the Philippines, proudly announces its 10th consecutive year of inclusion in the FTSE4Good Index Series. This achievement not only symbolizes recognition but also represents Globe's steadfast commitment to uphold values centered around integrity and sustainability. In remarks made by Globe's President and CEO, Carl Cruz, he stated, "This milestone reflects more than recognition; it underscores our resolve to lead with integrity and purpose." This sentiment echoes the company's long-term aspiration to integrate sustainability deeply within its operations, showing that it's not merely an afterthought but a core aspect of their growth strategy.
The journey toward sustainability for Globe has significantly evolved over the years. From initial compliance initiatives, Globe has transitioned to strategically embedding sustainability into their business model, driven by their purpose of creating a 'Globe of Good.' A pivotal moment in this journey was the appointment of its Chief Sustainability Officer almost a decade ago, which was instrumental in accelerating the integration of sustainable practices in the company's core operations and decision-making processes. Leadership support from major stockholders and senior executives has been vital in bolstering the sustainability initiatives, ensuring that they align with global standards for sustainability and corporate governance.
In ensuring that the initiatives are data-driven and impactful, Globe has adopted comprehensive sustainability reporting frameworks. These methodologies allow for the continuous evaluation of various ESG metrics ranging from corporate governance, health and safety, anti-corruption measures, to climate change impacts. Globe has designated 10% of its balanced scorecard metrics to focus on ESG objectives, demonstrating a corporate culture that values sustainability at every level of the organization. The company's commitment extends beyond mere compliance; it actively engages its employees in the sustainability narrative, aligning corporate goals with individual performance measures.
Moreover, Globe is a participant in the United Nations Global Compact, and it has the honor of being the first publicly-listed company in the Philippines to adopt Science-Based Targets initiative (SBTi) validated emissions reduction goals that align with the Paris Agreement. This commitment positions Globe at the forefront of sustainability endeavors globally, particularly within the Southeast Asian region.
As Globe continues to adapt to the rapidly changing landscape brought forth by technological advancements and environmental challenges, its dedication to delivering value transcends profitability. The company aims at providing benefits not only to its shareholders but also to the broader community and environment. Among its ambitious goals is achieving net-zero operational emissions by 2050 while promoting workplace inclusivity and community engagement to foster a positive societal impact.
The significance of the FTSE4Good Index, established by FTSE Russell, lies in its role in evaluating corporate performance in social responsibility and sustainability. Businesses that attain this distinction meet rigorous criteria across environmental, social, and governance domains, thus serving as benchmarks for responsible investments for various market participants.
Globe's annual integrated report, designed to ensure transparency, is available for public viewing on their official website. It underscores the company’s alignment with worldwide sustainability initiatives, bolstering the trust and commitment from stakeholders, customers, and communities alike. The continuous presence of Globe Telecom in the FTSE4Good Index is a testament to their ongoing dedication to a sustainable and responsible business model that seeks not only to thrive but to uplift society as a whole.
The journey toward sustainability for Globe has significantly evolved over the years. From initial compliance initiatives, Globe has transitioned to strategically embedding sustainability into their business model, driven by their purpose of creating a 'Globe of Good.' A pivotal moment in this journey was the appointment of its Chief Sustainability Officer almost a decade ago, which was instrumental in accelerating the integration of sustainable practices in the company's core operations and decision-making processes. Leadership support from major stockholders and senior executives has been vital in bolstering the sustainability initiatives, ensuring that they align with global standards for sustainability and corporate governance.
In ensuring that the initiatives are data-driven and impactful, Globe has adopted comprehensive sustainability reporting frameworks. These methodologies allow for the continuous evaluation of various ESG metrics ranging from corporate governance, health and safety, anti-corruption measures, to climate change impacts. Globe has designated 10% of its balanced scorecard metrics to focus on ESG objectives, demonstrating a corporate culture that values sustainability at every level of the organization. The company's commitment extends beyond mere compliance; it actively engages its employees in the sustainability narrative, aligning corporate goals with individual performance measures.
Moreover, Globe is a participant in the United Nations Global Compact, and it has the honor of being the first publicly-listed company in the Philippines to adopt Science-Based Targets initiative (SBTi) validated emissions reduction goals that align with the Paris Agreement. This commitment positions Globe at the forefront of sustainability endeavors globally, particularly within the Southeast Asian region.
As Globe continues to adapt to the rapidly changing landscape brought forth by technological advancements and environmental challenges, its dedication to delivering value transcends profitability. The company aims at providing benefits not only to its shareholders but also to the broader community and environment. Among its ambitious goals is achieving net-zero operational emissions by 2050 while promoting workplace inclusivity and community engagement to foster a positive societal impact.
The significance of the FTSE4Good Index, established by FTSE Russell, lies in its role in evaluating corporate performance in social responsibility and sustainability. Businesses that attain this distinction meet rigorous criteria across environmental, social, and governance domains, thus serving as benchmarks for responsible investments for various market participants.
Globe's annual integrated report, designed to ensure transparency, is available for public viewing on their official website. It underscores the company’s alignment with worldwide sustainability initiatives, bolstering the trust and commitment from stakeholders, customers, and communities alike. The continuous presence of Globe Telecom in the FTSE4Good Index is a testament to their ongoing dedication to a sustainable and responsible business model that seeks not only to thrive but to uplift society as a whole.
Topics Telecommunications）
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